Wage Returns to Colombia: a Quantile Analysis

This article examines the wage returns of young people and adults, considering the effect of education and experience. It is taken into account, especially, the point of view of human capital theory and its criticisms, to evaluate the relationship between education, experience and salary. The empiri...

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Бібліографічні деталі
Автори: Castillo Robayo, Cristian Dario, Da Silva Bichara, Julimar, Pérez Trujillo, Manuel
Формат: Online
Мова:spa
Опубліковано: Universidad Pedagógica y Tecnológica de Colombia 2017
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Онлайн доступ:https://revistas.uptc.edu.co/index.php/cenes/article/view/5830
Опис
Резюме:This article examines the wage returns of young people and adults, considering the effect of education and experience. It is taken into account, especially, the point of view of human capital theory and its criticisms, to evaluate the relationship between education, experience and salary. The empirical analysis is based on the Mincer model, but through quantile regressions, to determine by 10 quantiles in each group as wage returns are given. It is verified that for young people there is greater impact of acquire experience than education on the wage returns, which affects labor insertion and obtaining higher income.